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Daily Headlines

One year anniversary of Maryville train derailment remembered

(Source: www.wate.com, June 30, 2016) MARYVILLE, Tenn. — Friday marks one year since a train carrying a flammable liquid derailed in Blount County, catching fire and forcing thousands of people to leave their homes. Full story: www.wate.com

Canadian Pacific to cut 500 maintenance of way workers

(Source: ICIS, June 30, 2016) HOUSTON — Due to lower car volumes and weaker demand in what it views as a lackluster North American market, Canadian Pacific Railway (CP) confirmed on Wednesday that it will lay off 500 maintenance workers. Full story: www.icis.com

Union unites behind Teamster family to fund drug treatment facility

(Source: International Brotherhood of Teamsters press release, June 29, 2016) LAS VEGAS — Teamsters have a long history of giving back. But today at the 29th International Convention, members’ generosity was raised to a whole new level when they pledged more than $1.4...

Teamsters pledge more than $1.4 million to fight against addiction

(Source: International Brotherhood of Teamsters press release, June 29, 2016) LAS VEGAS — Today, Teamsters at the union’s 29th International Convention pledged more than $1.4 million to the fight against addiction. “This is what it is to be a Teamster, what it means...

Koppers signs rail joint contracts with NS, UP

(Source: Railway Track & Structures, June 28, 2016) NEW YORK — Koppers Inc. has signed long-term contracts with Norfolk Southern (three years) and Union Pacific (five years) for bonded rail joint assemblies. Full story: Railway Track & Structures

Panama Canal expansion: What awaits railroad stocks?

(Source: Zacks, June 28, 2016) NEW YORK — The expanded 102-year old Panama Canal was officially inaugurated on Jun 26 after the completion of a 10-year long intensive project. The expansion project, which is worth more than $5 billion, will now let huge ships carrying...

STB directs CSX to report monthly on Chicago train activity

(Source: The Beverly Review, June 28, 2016) CHICAGO, Ill. — A railroad freight company that has come under heavy criticism from local officials and residents about safety and health issues in the 19th Ward and surrounding areas is being directed to report to the...

74 runaway CN cars rolled 5 km out of yard, TSB says

(Source: CBC News, June 28, 2016) TORONTO — The Transportation Safety Board has announced it is opening an investigation into a runaway train incident earlier this month at CN Rail's MacMillan Yard in Vaughan, in which 74 rail cars — one of them carrying dangerous...

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